Australia
Citipower has inked a A$335 million 3.5-year term loan through bookrunners and mandated lead arrangers Bank of China and Mizuho.
Final allocations saw Bank of China pledge A$150 million while Mizuho lent A$100 million. United Overseas Bank and Bank of Nova Scotia join in with A$43 million each.
Proceeds are for general corporate purposes.
Fortescue Metals Group has secured underwriting commitments of $4.5 billion from Credit Suisse and J.P. Morgan.
The secured facility has a five-year tenor and is going to be syndicated in the US in October.
Proceeds are to refinance the borrower’s existing bank facilities.
Hills Holdings and Orrcon Operations have inked a A$196 million facility on a club-basis through mandated lead arrangers Commonwealth Bank of Australia, NAB and Westpac.
The debt package comprises of an A$81 million three-year revolver, a A$69 million four-year revolving facility and a A$46 million cash advance and letter of credit portion.
Final allocations saw Commonwealth Bank of Australia take A$80 million while Westpac contributed A$65 million. NAB ended up with A$51 million.
Proceeds are to refinance existing indebtedness.
SEEK has successfully completed a $467 million-equivalent dual-currency revolver through sole bookrunner and mandated lead arranger NAB.
The over-subscribed facility is split into a A$225 million three-year portion, a A$125 million portion and a $100 million tranche.
Syndication saw Commonwealth Bank of Australia and Westpac join in as lead arrangers while ANZ and HSBC came in as arrangers.
Proceeds are to refinance an existing A$340 million facility signed in March 2011.
China
Citic Guoan Group has obtained a Rmb750 million three-year term loan through sole bookrunner and mandated lead arranger Natixis.
Margin is 110% of the PBOC rate.
Final allocations saw the lead contribute Rmb150 million while mandated lead arranger Shanghai Pudong Development Bank join in with Rmb300 million as mandated lead arranger. China Merchants Bank pledged Rmb200 million while lead arrangers Dah Sing Bank and Bank of East Asia came in with Rmb50 million each.
Proceeds are to refinance a Rmb550 million facility signed in Sep 2011.
Hong Kong
AG Acquisition J (BVI), subsidiary of Angelo, Gordon & Co, is expected to sign a HK$984 million four-year term loan by the end of the month through bookrunners ANZ and BNP Paribas.
Syndication saw ING and UOB come in as mandated lead arrangers.
Proceeds are to support property acquisition.
AMVIG Holdings has secured a HK$2 billion 3.5-year facility through underwriters and mandated lead arrangers ANZ and Commonwealth Bank of Australia.
The facility is split into a HK$1.5 billion term loan and HK$500 million revolver.
Final allocations saw the leads contribute HK$640 million each while Citic International Financial Holdings, Chinatrust Commercial Bank and Maybank International joined in with HK$200 million as mandated lead arrangers. Bank of Tokyo-Mitsubishi UFJ ended up with HK$120 million as lead arranger.
Proceeds are to refinance an existing HK$900 million term loan signed in 2010 and general corporate purposes.
UniTrust Finance & Leasing Corp has obtained a Rmb1.1 billion 3.5-year offshore renminbi term loan through mandated lead arrangers and bookrunners Bank of America, ICBC and Standard Chartered.
The secured facility offered a fixed rate of 5% p.a.
Final allocations saw China Development Bank, ICBC and Standard Chartered commit Rmb300 million while Bank of America lent Rmb100 million. China Construction Bank gave Rmb80 million while Barclays Bank ended up with Rmb65 million.
Proceeds are for general corporate purposes.
India
Gold Plus Glass Industry has completed a Rs5 billion facility through sole bookrunner and mandated lead arranger SBI Capital Markets.
The debt package comprises of three 10-year Rs2.6 billion, Rs1 billion and Rs525 million respectively, and a Rs762.4 million one-year revolver. Pricing is 10.75% per annum.
Final allocations saw Indian Bank join in with Rs1.4 billion while UCO Bank came in with Rs1 billion as participant. Bank of Baroda committed Rs971 million while Indian Overseas Bank lent Rs826 million. Dena Bank pledged Rs512 million while Axis Bank ended up with Rs215 million.
Proceeds are for refinancing and working capital purpose.
Hindalco Industries has concluded a Rs99 billion term 12.5-year secured term loan through bookrunner and mandated lead arrangers SBI and IDBI Bank.
Margin is 125bp over SBI Base Rate.
Syndication saw Allahabad Bank, Andhra Bank, Axis Bank, Bajaj Allianz Life Insurance-Company, Bank of Baroda, Bank of Maharashtra, Central Bank, Corporation Bank, Export-Import Bank of India, Federal Bank, Indian Bank, Jammu & Kashmir Bank, Kotak Mahindra Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, South Indian Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, Syndicate Bank, Union Bank of India and Vijaya Bank join in as participants.
Proceeds are for the financing of 359,000 TPA aluminium smelter and 900MW captive power plant.
Indus Towers has obtained a Rs69.5 billion term loan through sole bookrunner and mandated lead arranger IDFC.
The facility is split into a Rs44.5 billion eight-year tranche and a Rs25 billion four-year portion.
Final allocations saw the lead commit Rs29.5 billion while HDFC contribute Rs40 billion as participant.
Proceeds are to refinance the rollout of over 35,000 telecom towers across India.
Japan
Toyota Tsusho Corp has secured a ¥20 billion 364-day revolver through sole bookrunner and mandated lead arranger Citi.
Syndication saw Credit Agricole join in as participant while other lenders are undisclosed.
Proceeds are to refinance an existing ¥20 billion facility signed in September 2011.
Taiwan
Asia Cement (China) Holdings Corp has signed a $105 million five-year term loan through bookrunners and mandated lead arrangers Bank of Taiwan, Mizuho and Taiwan Cooperative Bank.
The facility is priced at 115bp over Libor and the borrower needs to pay the excess portion if the difference between TAIFX3 and Libor is higher than 35bp. The deal also features a two-year extension option.
Final allocations saw the leads take $30 million while Export-Import Bank of the Republic of China lent $15 million.
Proceeds are for working capital and offshore investment purposes.
Cheng Loong Corp has sealed a NT$4.2 billion five-year revolving credit through bookrunners and mandated lead arrangers Chang Hwa Commercial Bank, First Commercial Bank and Taiwan Cooperative Bank.
The deal is priced at 60bp over the 90-day secondary CP rate with a commitment fee of 10bp and a pre-tax interest rate floor of 1.6%.
Final allocations saw Taiwan Cooperative Bank lend NT$1 billion while the other two leads took NT$600 million each. Land Bank of Taiwan committed NT$400 million while Agricultural Bank of Taiwan, E.Sun Commercial Bank, Hua Nan Commercial Bank and Yuanta Commercial Bank contributed NT$350 million each. Taiwan Business Bank ended up with NT$200 million.
Proceeds are for working capital purposes.
Gintech Energy Corp has signed a NT$4 billion five-year dual-tranche facility through sole bookrunner and mandated lead arranger First Commercial Bank.
The debt package is split into a NT$2.5 billion term loan and a NT$1.5 billion revolving credit.
Syndication saw Agricultural Bank of Taiwan, Chinatrust Commercial Bank, EnTie Commercial Bank, Land Bank of Taiwan, Shanghai Commercial & Savings Bank, Taichung Commercial Bank and Taiwan Cooperative Bank join in as lead managers while Chang Hwa Commercial Bank, Hua Nan Commercial Bank and Mega International Commercial Bank came in as managers.
Proceeds are for refinancing and working capital purposes.
Taiwan Glass China Holdings has completed a $125 million three-year term loan through bookrunners and mandated lead arrangers Bank SinoPac, Chinatrust Commercial Bank, Mizuho and Taipei Fubon Commercial Bank.
Final allocations saw the leads take $29 million each while Yuanta Commercial Bank joined in with $11 million as senior manager.
Proceeds are for capital expenditure purposes.
